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budget cuts be replaced. democrats suggested that through closing tax loop l holes while republicans focused on the cost of entitlement programs. this is two and a half hours. >> good morning, this budget committee hear will come to order. welcome to the committee members. the tradition in the committee is that the body hands the gavel over. that's what this is to the new chair, so i am very proud to open this up and following the tradition of the conference committee, it's my pleasure to hand this gavel over to my -- >> thank you. i'll put this somewhere else. thank you very much. welcome, everybody. i see all house members are here, and, well -- [laughter] today we're considering the concurrent resolution and begin with opening statementings, and i recognize myself and senator murray. confer reis are recognized between house and senate, and recognized in order of seniority between majority and minority. the remaining senators will alternate. due to the large number, each statement is limited to five minutes, there is no early bird rule. ab sent member is recognized in the next avai
as sequestration be replaced. democrats suggested that you posing with acs tax loopholes while republicans focused focus on the cost of entitlement programs. this is 2.5 hours. >> good morning. this budget committee will come to order and welcome to all of our committee hearings and committee members, the tradition in the committee is the body the last chaired it hands the gavel over and that apparently is what this is, to the new chair. so i am very proud to open this up and follow the tradition of this committee and it is my pleasure to hand this big gavel over to my colleagues. >> it looks like a keeper. [laughter] >> thank you, i will put this somewhere else. >> thank you, chairman. welcome, everyone. i feel the house members are here. and today we are considering the resolution on the budget in the house amendment and we will begin with opening statements and i will recognize myself in and senator patty murray. each house will be recognized in the order of seniority alternating between minority and majority and since there are more from the senate and the house, asked her if they have made t
unionized, hearns before taxes about $1,800 a month. does have health insurance through wal-mart but they take options. is encouraged by the company to spend $300 a month buying walmart stock which is useless to her. she will never retire anyway. there buying their stock. i said of what do you eat? she said i am supposed to eat healthy food because i have diabetes but i eat tv dinners from wal-mart and often can't afford it so i go to bed hungry. she was too sixth to take a bus to work and to know how to drive so had to pay her neighbor gas money to drive her to work at walmart. to me that is near poverty. people who according to walmart are doing okay because they're a couple dollars an hour above minimum wage but no way are they doing okay. they don't have any economic security and there are millions of workers all over this country but especially in the south because a lot of the poverty is concentrated in places like texas all over the country workers in that kind of situation. one of the things i thought was most stunningly disingenuous about the last election campaign
for income tax purposes, the court would disregard it because this is s-corporation? >> it may well be. the fact it is an s-corporation even though it means there is this corporate forum, the net result of income and loss of penalty goes on frank and phil gilardi's income tax returns, part of schedule k. >> a complete pass through? >> yes. >> that is true of limited liabilitied corporations and associations? >> i think we deal with a you blah that impinges on fundamental first amendment freedoms the supreme court said we don't allow form to triumph over substance that. is what we're talking here. >> i think what lee says, if you're in the commercial, if you're in the commercial market you have to give up some for the greater good. >> i agree judge, it does say that but what we say that is part of the -- >> congress had some exemptions as well. >> nothing like in -- >> that is your take. you're saying the exemptions here are so overwhelming, so large in their number that you should win, i don't see you can't possibly get around lee. because lee had exemptions and the court gave it the b
, in a balanced way. we've heard from senators about the need to modernize the tax code and move toward real tax reform. while the committee can't get it done. we can move in that direction in a substantial way. making a modest cut of only 5% of the trillion dollars a year we spend through the tax code would make huge dent in the deficit. lastly, we have to don't make some reduction in direct spending. although i know that's the area taken the hardest hit. i'll insist on doing in a way that put a circle of production around around the most vulnerable and honoring our promises to seniors, veterans, and about to retirement to protect them from cuts. chairman rhode island i know, chairman muir ray. i'm glad we have come together. we need focus not on the area of disagreement but priority we share. reducing the deficit, and ensuring our long-term prosperity. thank you. >> thank you. i've learn something. i know, you refer to yourself as delaware begans. senator ayotte. >> thank you, mr. chairman. i want to thank you and thank chairman murray for your leadership and everyone at the table who is comi
. that's number one. number two, we need tax reform, in my view, tax reform that brings down the top corporate rates to something more closely aligned with every other developed nation in the world, and at the same time that we're doing that to generate some revenues for deficit reduction, to match what we're doing on the spending side. if you think about it, as the senator from ohio knows, the senator from west virginia knows, tax expenditures, tax breaks, tax credits, tax deductions, tax loopholes, tax gap adds up over the next ten years to anywhere from $10 trillion to $15 trillion. we're going to spend more money out of the treasury for tax expenditures than we're going to spend in all our appropriations bills combined. if we could capture 5% of $12 trillion over ten years for deficit reduction, that's $600 billion. if we could match that in like a bowles-simpson number, we could do about another $2 billion on deficit reduction on top of what we've already done. is that a grand compromise that i want and i think the senator from ohio wants and i know the senator from west virgini
to pass the immigration bill, reform the tax code, and replace across-the-board spending cuts none of sequestration. introduced by commerce secretary this is a half-hour. >> the first-ever select u.s.a. senate meeting. as you may have heard, we are sold out with 1200 attendees. business leaders from 58 countries and across the united states are here today. a warm welcome to all of you from all of us in the obama administration. let me be clear -- [applause] let me be clear, this summit is about you. it is all about business. it is all about connecting investors with communities. let me start with the story. when the select usa program was just starting out, an austrian company that makes auto parts was considering investing more in the united states. we went into action. the commerce department's vienna staff counsel the company on how to successfully established a new plan in the united states. the u.s. ambassador in austria met with the company's leaders. we connected a company with the state-level leaders that they wanted to me to. as a result, over the past year, the company ha
be asked to pay a little bit more in taxes. maybe we might want to end all of the corporate loopholes that currently exist. again, that's not bernie sanders. january 29, 2013, poll by hart research associates. 66% of the american people believe the wealthiest 2% should pay more in taxes, and 64% of the american people believe that large corporations should pay more in taxes than they do today. well, guess what? the american people have given us a solution to the major crises facing the american people. they will want to invest in our economy, they will want to create jobs, they want to ask the wealthy and large corporations to pay more in taxes. they do not want to cut social security, medicare and medicaid. that's the real world. then you come back to washington. what are people saying? let's cut social security, medicare and medicaid, let's not invest in our infrastructure and create jobs, and in fact let's give more tax breaks to the wealthy and large corporations. so this is an alice in wonderland world. the american people are saying one thing and the lobbyists around here and ma
's proposals the tax cuts or spending cuts increase of defense spending he promised reagan you will get a vote on everyone by august 1st and he won every time for and gave him a schedule. no games. today you have to fight with the filibuster rule. that is why they began with a good relationship. also the assassination attempt that made reagan very hard to criticize. he came back like lazarus. intuitively the people said he made it maybe he should have. maybe there's something fair something fateful about his survival it was meant to be. maybe he should get his turn would never was there before was all lot there afterwards an a lot harder. but i think he knew he was underscore purpose in he was driven after that. it was right here. they did pray after words the 23rd psalm in fact. a person lives nearby in the room and tip really did kiss him on the forehead and they really did hold hands and it was something. we don't have much time for that. the speaker was my boss and i really respected him because he knew what it meant to be unpopular just as reagan was in his wilderness period coming out of
too much. about two-thirds said raising taxes to cut the deficit was a nonstarter. and compared to obamacare, which more voters actually said they wanted to repeal, these levels of support are striking. so if our friends on the other side want to keep trying to claim an electoral mandate for maintaining obamacare contradicted by the facts as that phaoeurbgs while using their own logic we had to call the mandate for reducing the size of government a super mandate. that's why their new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear that the senior senator from new york will soon announce a proposal to give the permanent -- give the president permanent power to borrow more. in other words, he wants to extend the debt ceiling permanently by going around congress. let me repeat that. the so-called schumer-obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address the national debt. truly outrageous, especially when you consider that our debt is now $17 trillion
texan every year and a always add the letter, to whom it may concern, here are my taxes. i want you to know, i haven't the vaguest idea if they are accurate. [laughter] i said, i went to college, you know, i've got average intelligence, and my wife went to college and she won't even read them because she knows she doesn't understand them. and i just want you to know that that's the case and i paid money to an account and hills become and i hope they are right. if you have a question, just give us a call last night -- [laughter] can you imagine this country with a lousy tax system like that? it's inexcusable. how many people here understand your taxes? let's see. i don't see many hands going up. but i wrote the chapter because i felt that i was in business and i know that a businessman has, in a large company, has shareholders, customers and employees to their shareholders, customers and employs are all across the spectrum in political views and ideas in parties. and, therefore, business people are very reluctant to challenge the government, to criticize a government. they don't want
were able to provide housing credit assistance. and that tax credit assistance and the tax credit change was a way to offset declining investors interested in housing tax credits. and that was done by some of my democratic colleagues, and i wanted to thank your office for working with us on that. >> thank you. >> thank you and they give back. >> that your number again is the gentleman from wisconsin to mr. duffy, for five minutes. >> thank you, mr. chairman. i want to be clear at the outset that fha has been very helpful in a lot of -- from a lot of my constituents first-time homebuyers, low-income home buyers, to achieve the american dream of homeownership. it has been incredibly helpful for them, so i don't want to underestimate how important the program has been for people who live in central and northern wisconsin. it's been a very helpful program. i think you picked up a little bit of concern on our side of the aisle, and i think our frustration here is that, is that whenever we have testimony, we continually bring up concerns about the capital reserve ratio. it hasn't been m
money, there's a tax write off, not much, but a little, and us and a center for reporting out there fill the gap, but i do think that overall, our media landscape is being driven increasingly by the news of the moment, celebrity news, political news, real news, and there's a lot less time and energy, resources available for doing deep dives or looking at things not in the immediate spotlight in front of us as were all on our twit of-like hamster wheel. >> host: viewers have questions or comments, the bureau chief, the lines are open this morning. republicans call 202-a 85-3 # 88 is. democrats 202-585-3880. independents, 202-585-3882. we'll talk to him for about the next 40 minutes or so on the "washington journal," and as we lay out the lines, i want to talk to you about how you prefer to describe your magazine. is it progressive? is liberal the term? what do you say to folks who call your magazine as listed on here frequently asked questions page left pinko rag? >> they are wrong. i mean, we are a progressive-driven organization. you know, and i, the way i look at it is i tend to see ou
produces a lot of tax revenue for the government. but what we are doing is connecting the dots of those emergent derailment issue, but policing related to alcohol so we can understand it is costly, hugely costly. i think we should take a very hard look at marketing. i don't think that there should be a marketing allowed that there is, especially with social media, which is targeting youth. i think that is definitely wrong and i think we should see the ads targeted to teenage drinkers. the premade drink should not be categorized as they are in the united states has malt beverages so that they can be soleplate and sold cheaply. it's wrong. >> host: what are the things you would think needs to be included in that public health strategies i guess, looking up at other types of strategies with e. >> guest: we need to take a hard look at treatment. we need to take a hard look at investment and treatments so it's not just for the rich and famous. but for instance come on give you an example. i was the eddie ford in the last six months and they are lamenting the fact that a lot of the programs t
revenue code and under the internal revenue code at least for income tax purposes the court would disregard it because this is a -- [inaudible] >> it may well be and it's an s corp. even though there's this corporate form the next result of the penalties goes on frank and phil gilardi separate income tax returns on a schedule came out. exactly. >> that's true for limited liability party. >> i think when we are dealing with a law that impinges upon fundamental first amendment freedoms the supreme court has taught we don't allow for him to triumph over substance and that is what we are arguing here. >> is that what lee says? if you are in the commercial market you have to give up some for the greater good. >> it does say that but what we say is that's part of the strict scrutiny. >> congress has some exemptions as well. >> that is your case. you are saying the exemptions are so overwhelming, so large in their number because you can't possibly get around lead. lee had exemptions in the court gave at the back of the hand. they said of course congress can make those decisions. that is
close senator blunt i want to thank you for being a cosponsor of the start-up innovation tax credit, something senator rubio and senator schumer and stabenow as well as senator moran have cosponsored and introduced and discussed over time. it would help with access to capital for early stage start-up manufacturers. there are a lot of things we can discuss going forward but for today i am grateful for your leadership with senator brown on this bill that would help strengthen the national network of manufacturing innovation centers. you are a strong leader for manufacturing in your home state of missouri, and i'm grateful for a chance to spend some time with you on the floor today discussing that good bill and your good ideas. mr. blunt: let me talk about the start-up act we've worked on, i think you mentioned all the cosponsors of that, senator rubio, senator stabenow, senator mccain, senator schumer and enzi and what that does is try to extend the opportunity of research and development to start-up businesses. the way the tax credit works if you're -- you can deduct those costs from
over wasting tax payers funds can only be explained by the fact that the leadership of the va is flawed. until the stagnant attitude at the very top are laminated, we hope to eliminate the problems plaguing the va. that in the end are hurting our veterans the most. so let me ask you this. i'm new to congress. i was a taxpayer, worked in the service. served my country into wars. nic the irs, epa, energy department and now the va wasting taxpayers money. what do you think i should do? what can i do to stop that from happening? because what i think of a break to fire you all and start over. but reality as it got to work with you. how am i going to get improvements, 100% improvements? at 100% improvement to gonzales sought is 30% improvement over the last 30 years. do i have to wait until 2083 to get 100% for the va clinics >> congressman, i believe that the department is working and we plan to work faster than that. >> i've heard that for 30 years. actions speak better than words. what are you going to do tomorrow to eliminate that backlog, to get it done? that backlog is the same backlog
, taxes, and jobs. and that sense he probably made the republican position stronger. think about it within the party. you look at if say you don't like it much either. i think unless it become a personal civil war and the comment that senator cruz made yesterday if they do that they accomplish something. if they don't do that they accomplish nothing. >> one of the questions i 4 maybe for david and bob was that it was dick cheney who said that deficits don't matter. and the republican party had two wings on economics, one is the calvin cool age, herbert hoover pretty -- grim focus on reducing deficit and cutting spending, the other one is more optimistic message of reagan and focusing on economic growth as a way to prosperity and the way to cutting the deficit. and the argument today, which seems to me being seated to the democratic party is that growth is the optimistic path. can republican party sell deficit cutting. is it a positive message? should they be focusing more on cutting taxes, increasing growth as a we to reduce unemployment? >> i think growth is a koa to the political term. y
starting to produce report cards because we no alcohol produces tax revenue for the government that while we have those emergency room we can understand it is costly. i think we should take a hard look at marketing. i don't think we should have the marketing allowed that this is in social media that is wrong and i think we should see what is targeted to the teenage drinker those pre-mixed drinks should not be categorized as malt beverages to be sold like beer and sold cheaply. it is just wrong. >> host: what other things and do you think needs to be included in that public health strategy and what that would be? >> guest: brady to take a hard look at treatment with the reinvestment not just for the rich and famous but i will give you an example. i was in the last six months a lot of the programs aimed at children of addicted parents have gone the way of the dodo bird with health care cuts. . . so cheap and accessible and taxed in the united states and privatized. we have a problem. >> so we get to a place where there is pending? this particular disease as well as others. >> absolutely. >>
. americans have good reason to be concerned. after all, it's their tax dollars used to buy these helicopters from russia to -- for the afghan military. but russia has a particularly bad track record. they've received an abysmal grade of d-minus in the anticorruption index. back in 2011, russia's chief military prosecutor publicly stated 20% of his country's annual military equipment budget is being stolen by corrupt officials and contractors. one independent watchdog believes that figure could be as high as 40%. in short, there are plenty of legitimate reasons about -- and questions about exactly why american tax dollars are going to rosoboron export. on a per-aircraft basis, the u.s. army is paying more than double what the russian military itself is paying to buy nearly identical helicopters. about a year ago, i convinced the pentagon to conduct a formal audit of the army's 2011 no-bid contract. unfortunately, that audit went nowhere due to persistent stonewalling by -- you guessed it -- rows owe bore on export. we still have a lot of questions and rosoboron export still owe us answers whi
and nobody is going to put you out of business. the tax payers are here. you stated last month that may be $1.68 billion we heard in 2009 that the fha was stable and sound and secure from the future. so this creates a lot of the concern with american people. it keeps mounting a part of the government that has accrued an enormous amount of debt. the foreign budget writer and paul ryan said the same thing that the steam is out of control and that will collapse like greece. they have said it in many ways. so i would hope that you would share that concern and accountability back to the american people. i think as you spoke to us and appeared before the committee in february, you said then that you tested the financial health of the fha and that right after that the next day the government accountability office the high risk due to the greater of all morality to fraud, waste, abuse and mismanagement are the need for transformation. how do you respond to that? do you understand the impact that you are having whacks and then you would be considered a high-risk agency to the taxpayer >> i take mauney
want you to know that the administration remains firmly behind the low income housing tax credit as the country begins to discuss tax reform. all of us know how important the tax credits been in increasing the supply of affordable housing. that's why the president and i have championed it time and again, most recently calling on congress to continue to support this tool as part of the presidents housing plan. and i urge you to continue to do the same by letting congress know that not only do we need to keep the tax credit, we need to expand it in order to better address the needs out there and provide more flexibility for the credit. together, all these steps to improve conditions for multifamily lenders, single-family lenders and buyers will go a long way and accelerating our housing market's growth. but we all know that in addition to recovery, we've also got to ensure that a crisis of this magnitude never happens again. all of us in the administration have already been working towards this important goal, and the president is eager to take the next step towards reform. natural
received security clearances while they had tax debts which is a vulnerability that got security clearances and the vast majority of those were top-secret security clearances. so our process is obviously broken, not complete and not adequate. until this year opm did not even have the means of barring persons or companies that falsified background checks for clearances or the ig recommended 22 individuals have received no answer and 14 cases and informed the other eight would not be debarred. something is very wrong. it's unlikely that a stricter clearance process would have prevented a deranged individual from committing murder that this event should be a catalyst for congress to try to fix this way if this country handles access to sensitive data. two problems. one is too much stuff that is classified but doesn't need to be classified a number two they're way too many security clearances approved. if you markedly increase the amount of material that doesn't need to be classified you have to increase the number of people that need to have access to it. we need to address both problems. i lo
-- advocates. foundation providing tax for graduating high school students. she is a graduate of virginia state university, and before you say a word, i would like to thank the members of the panel for their patience in the rescheduling of this hearing. we had a chance to meet when it was previously scheduled, i'm glad we had the moments together. so please proceed with your testimony. >> thank you. >> good morning, chairman durbin and honored members of the subcommittee. my name is lucille mac bath. i thank you for the opportunity speak before the great institution today. i was raised in a family steeped in justice and confident in the try triumphant goodness of humanity. my mother was a registered nurse, and my father, who served in the u.s. army dental corp., was also for over 20 years president of the n -- naacp for the state of illinois. he worked actively in the signing of the civil rights act in 1964. in he could see me here today testifying in front of the united states senate, he would be beaming with pride and amazed at how far his daughter had come until he came to understand what br
that don't follow the law paying their taxes and half of them have a top secret clearance. you know, the american people ought to be asking, what in the world is going on. and so my question is, we've now seen outlined who's ultimately responsible for it. that's d.n.i., correct? >> yes, sir. >> and we have the defense department that's making improvements but still has a way to go, and we have failure of contractors and not doing allegedly not doing what they're supposed to do. there's also another i.g. investigation going on along with that. but what's the answer? one of the answers has to be doing the job that we do better, one. number two, the other has to be using data that is available. you know, the form -- where is that form? this form for $20 you can get 90% of the information on the internet. we pay $2,400 for top secret clearance, is that right? that's about what we pay. it's about $2,400. >> tore stop secret, it's a little more than that, it's $4,000. >> for a secret, what do we pay? >> about $262. >> and for $20 you can find out 90% of this stuff online right now. and so
tax relief act of 2012 actually insured and there that the competition and preserving and promoting competition was one of the requirements of the fcc. so i hope they take it to heart and chairwoman clyburn and the new chairperson coming in district, wheeler -- they have a real challenge to create a framework for a competitive policy moving forward. >> host: use of the word hope twice when referencing this. are you skeptical and what makes you think that will happen the way you would like to see it happen? >> guest: well you know we just went through four years of pretty aggressive efforts to ensure that we return the 700 megahertz to interoperability and we are going to work in scituate sleep to make sure -- and i believe the framework we are talking about is critical if you are going to have multiple choices in the marketplace for the consumer. you know it's a tough road to hoe. making sure that we have access to spec them and making sure there is a fair responsible way to get access to the networks that is ip transition, i think commissioner sheep high in his confirmation hearing
security clearance while they had tax bets, which is a as a -- vulnerability, got security clearances, and the vast majority of those were top secret security clearances. our process is obviously broken, not complete, and not adequate. until this year, opm did not have the means of debarring persons or those who falsified background checks for clearances. worse, ipmm's ig recommended 22 individuals received no answers on 14 of the cases formed that the other eight would not be debarred. something is very wrong. it's unlikely that a stricter clearance process would have prevented a deranged individual from committing murder, but this event should be a catalyst for congress to fix the way the country categorizes, handles, and grants access to sensitive data. two problems. one, there's way too much stuff classified that doesn't need to be classified, and number two, there's way too many security clearances approvedded. if you markettedly increase the amount of material that doesn't need to be classified, you have to increase the number of people that need to have access to it. we have to
a full understanding of what needs to be done when this product is sold cheap, accessible, taxed so badly in the united states and privatized we have a real problem. >> host: it sounds like we are getting to a place where there is parity between this particular disease as well as other diseases. >> guest: absolutely. absolutely. >> host: i think you touched on this before, but if there's anything else you want to talk about, the similarities with tobacco policy and what similar strategies can be related to risky drinking behavior. >> guest: one of the things that has come out is appreciation in the last five years of some of the 50 diseases and cancers that are related to alcohol. we have not had a public dialogue about that. we don't appreciate at all that there are some downsides to drinking. we typically sell the drinking and driving and other than that, you don't appreciate that although throat cancers and colorectal cancer is related we don't appreciate but here is a big one. people die typically 20 years younger than they do with smoking. that is a huge one and women by faster than
head. this is our house or generations. we pay our taxes. that's not happening. someone opened the gate. who's back there, marty asked. it turned out to be easy and. she didn't the flowers and this afternoon was pulling a red wagon with gardening supplies. i do it as much as i can she said. marty said the house had been in a summit for 50 years. 64 years. you've got to analyze this, marty said. these are some rough times we're living in. most of our jobs went overseas. you lived on the block's entire life watching the neighbor disappear around him. the barbershops, bars, ice cream parlors all gone. this neighborhood used to be straight, he said. he squinted at the thicket of trees across the street. you get used to it. it's quiet. i like the serenity of my environment. to me, all this is a big plasma screen. you just have to be strong and keep god with you. what does the bible say? you are in this world but not -- way. i said i thought it was all this world but not in it. he nodded, right, right. later i realized i screwed up the quote. of course, we are all in it. [applause] >> and jus
for an increase of taxes it is a step in the right direction to make this place work. >> i will just add we are such a plan the schaede century other countries look to us we have lost the sense of going to a correctional facility and it should make people more inclined to of war criminal acts but i go to visit imprisoned maybe every six weeks now the general population of dr. death row but put these beautiful mostly men of color is tragic when you read about the school to prison pipelined punishes children for acting out handcuffed, arrested and it changes their lives and how to read it to this point? so we see options cut off for younger children. a society that seems to have lost the common sense. along with the prospect of national identification and program that frightens me but we can fight that. >> just to talk is that it was published by a city life books. [applause] i worked as a the lights books for three years but i love the idea of community resistance that city lights books the word on since 1955 is more powerful the institution we have this great book and i was so thrilled to f
be willing to move? he shook his head this is our house we pay our taxes. that isn't happening. summit opened the gate to his back there? there also lived in the family home she attended the flowers and was pulling a wagon of garden supplies. i do this much as i can 64 years with another bought the house when i was three months old. these are some rough times. most of our jobs went overseas. i have never seen in the economy like best the barbershops ice-cream parlors are all gone this neighborhood used to be straight looking at a thicket of trees you get used to it and like the serenity of my environment we just have to be strong and keep god with you. you're in this world but wait of this world but not in it. then i realized i screwed up the''. of course, we're all in it. [applause] >> just to frame it i think one of the things to talk about is the idea of the frontier that he troy has reverted to it is the real deal with its beginning. jeff? >> boston is because of one the and that is featured prominently in the book and this story is lamar's first contact with the area a story about what s
, transition and the small business tax credit. during his eight years in the clinton white house he helped negotiate the 19 of the 1990s and deficit reduction act. each individual's health insurance program, earned income tax credit, hope scholarship tax credit in the direct student loan program the between the clinton and obama administration he worked at the brookings institution, the center for american progress, and the council on foreign relations working on a range of economics and education issues. he is the co-author of a book on girls education and an author of the pro-growth progressive and economic strategy for shared prosperity. gene graduated from the university of minnesota and yale law school and attended wharton business school. is a native of ann arbor, michigan, and will be joining his them in california at the end of this year. when he finishes his remarks will move over here for two and a. thank you very much. gene? >> well, thank you very much for having us here today. i want to thank jim doyle very much, not just for today but for all the leadership of business forwar
sector because further south the ground was not very favorable for a tax. and in a place like that those mountains, they had little attacks. but not until 1916 did you get bigger action further south than the germans made this terrific bush. >> any more questions? >> i think we can manage to buy three more anyway. yes. >> go through belgium. >> i personally argued in my book that it was a fantasist a lot of germans went on arguing after the war that if only yet executed the plan properly which involved a huge sweep around, then it could have won. but the big problem there were primitive motor cars, but these armies have to march on their feet and under whose of their horses. and taken 400 miles across ground. these men, it was a fantastic, beyond the mean. of course lost control of the army's so that by september it was taken 20 hours to find out where some of these forces at got to. and i think the german you right up into the 1930's and after was that it was only a loss of nerve that caused the concept, as i call it in the book. the plan was never detailed. but i think this idea that i
witnesses and people with security clearances who also have tax problems. here's a look. >> so what is the answer? one of the answers has to be, doing the job that we do better, one. number two, the other has to be using data that is available. you know, the form -- this form, for 20 bucks you can get 90% of the information on the internet. it's in this war. we pay 2400 bucks for a top-secret clearance. is that right? it's about what we pay. it's about $2400. >> for a top-secret, it's more than not. it's a little over 4000. >> 4000. what do we pay? >> about 262. >> for $20 come you can find out 90% of the stuff online right now. and so, the question is maybe we need to step back and say first of all come with guy way too much classified pee-wee to many people after claimants. number two, how we do it is not utilizing data out there today that is readily available. number three is we've had a response from director clapper that they will start coordinating with the irs. most people would say that's kind of the no-brainer. i would be one of the things you want to check. it is in the f
not focused on is that same act, that middle class tax relief act of 2012, actually insured in there that the competition and preserving and promoting competition was one of the requirements of the fcc. so i hope they take it to heart, and, you know, chairwoman clyburn and the new chairperson coming in, many tom wheeler -- mr. tom wheeler, testify a real challenge to create a framework for competitive policies. >> host: you said the word "hope" twice when referencing this. what makes you -- are you skeptical, and what makes you, you know, think that won't happen the way you'd like to see it happen? >> guest: well, you know, we just went through four years of pretty aggressive efforts to insure that we return the 700 megahertz to interoperability, and we're going to work very assiduously to make sure that the 600 is interoperable. and i believe the framework that i'm talking about is critical if you're going to have multiple choices in the marketplace for the consumer. and, you know, we -- it's a tough road to hoe. it's, you know, making sure that we have access to spectrum,
for coverage were lower than expected and millions of americans will also qualify for tax credits to make the coverage even more affordable. we know that consumers are eager to purchase this coverage and to the millions of americans who attempted to use to shop and enroll in health care coverage i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that can and will be fixed and we are working round-the-clock to deliver the shopping experience that. you deserve. we are seeing improvements each week and publicly by the end of november the experience on the site will be smooth for the vast majority of users. >> that part of the testimony from earlier today on c-span3. the hearing does continue live right now on c-span3. reminder you can watch the entire hearing online shortly at >>> the u.s. senate is in session today. lawmakers right now taking their weekly party lunches. they will be back at 2:15 eastern. we'll have live coverage here on c-span2 w
and the lowest two or three tax rates and great infrastructure. we have done all the things we can do to help this to be a great and productive work environment but there are certain things out of our control the dramatically impact jobs in tennessee when i hear all the manufacturers tell us we love being in tennessee and we love the work environment, but if we had this agreement in place, we could produce more jobs. well it's a little frustrating to me as a governor because it is out of my country but it's also critical for me to get involved to land that felice whether it is in washington or anywhere else. but like i said, we've worked hard to set up a work environment in tennessee and we think we have it but there are certain things that are beyond our control at this point. >> im stand everyone on the panel is an enthusiast to this agreement but we want to be clearheaded about some of the competitive costs. if the construction mining business, what do you see as the competitive threat that would come from others that -- imports would be less expensive. what are the competitive to when she
and for example console in my government and in my state, you should understand why a huge amount of tax payers money gets spent on arms initiatives. [applause] [laughter] >> that same thing in sending books and and not tanks and it is to send teachers are not soldiers. [laughter] and are there any closing off and i would like to ask of you have any assignment for us and if there is something you would wish for us to do. >> they greatly appreciate this and do you have a final thought for us? >> let me say thank you on behalf of all of us with politics and prose, all of your friends and they are all your friends here. thank you so much. >> thank you to all of you because you are sitting here listening to me and you're listening to the cause of education, and that is really important for me because i speak for education in every corner of the world and the thing that i noticed here when i came for a second time a few weeks ago to america -- >> to america. >> okay, to america i came here and in our schedule we had written about going to school in their school is just a few kilometers away from th
. this is perfectly adapted to the environment. but now meeting a very tax savvy population then they have access to use tools to make it taken the backyard. something not in afghanistan but to look get the urbanize savvy population and final example in the u.s. states of georgia may 2011 a 15 year-old ninth great kid looked at the libyans and thought they don't know how to use of weapons systems of the crowd sourced in 48 hours a diving gold medal to teach the libyans how to use the weapons they were capturing he got this from soviet websites and his friends in those to speak arabic. today that is a major document used across syria with a fighting because neither word gun cultures you deal with people that came up in a gun culture sir buddy knows how to fire a weapon. what i sat with the nafta and travel editor i ask where the ied techniques came from he told his 50 year-old they make me one. they just no hope but -- they just know how but syria or libya did not have that background banal a kid in united states in 48 hours can pull together a middle that is now the dominant document that people
two thirds as raising taxes to cut the deficit was a nonstarter. compared to obamacare which more voters said they wanted to repeal these bubbles that supporters straight game. so if our friends on the other side want to keep trying to climb an electoral mandate for obamacare contradicted by the facts as that may be while using their own logic, we then have to call the mandate reducing the size of government a super mandate a super mandate. that is either new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear the senior senator from new york was to announce a proposal to give the president permanent power to borrow more. another was he wants to extend the debt ceiling permanently but going around congress. let me repeat that. the so-called schumer obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address national debt. truly outrageous. especially when you consider that our debt is now $79 w
. congress of years ago passed a law that enables all judges to divest themselves without adverse tax consequences, which was a law that had been appointed since about 1982 the people coming to the executive branch. it applies to the judiciary, and the number of the justices and judges have done that. they have to roll over their investment in testing into a conflict free account, tax-free transaction. so that excuse which may have motivated some people. i agree 100%. there is a separate problem about what to do about children who are practicing law, and i think the justices have come to understand about that and they have a policy on. i think everybody comfortable because in part there are so many of them that have so many different relatives around that it seems to work tolerably well. >> that seems all too to me but congress also passed another law in 1974 which made it, which illuminated the old rule which was e more to reduce you had to have a substantial financial interest. now it's even one share forces are recusal. that seems to me to be problematic. yes, it would be wonderful
. -- [laughter] it may be not what they think. but whether it's rubbing red lights, sloppy preparation on tax returns. [laughter] people do things wrong. then the second thing is that government doesn't always target bad guys for who they think are bad guys for exactly the reasons that you might think; right. al cay -- capone. we do a lot of representation of people interviewed by the fbi. we have some reason to think for national security reasons. a lot of times we see what seems to us, at least, to be -- pretext yule. an investigation that has a national security agent on it results in an immigration charge or deportation proceeding or even some charge related to practice of business. the idea if somebody gets in their head the idea you're doing something wrong that can create a real problem. with secret information. or, you know, abuses throughout history. richard nixon or fhfa los angeles there was a public disorder intelligence which compiled a lot of information and used it for political purposes. it's often information that is collected for law enforcement and security purpose often us
followed through because no one was about to levy the tax is and, in fact, enslaved people overwhelmingly did not want to go to liberia. liberia was a pretty grim situation, particularly for disease. and this became pretty well known. so gradual emancipation linked to the so-called colonization turns out to be a nonstarter for many reasons, and that's what that episode was about. we also have a question here. >> how many successful escapes to trinidad were you able to find? >> i don't know of any escapes that went direct to trinidad. what would happen if these people would escape the british, the men would become organized as colonial marines, women and children would come along and they would be in the refugee camp. later, some of them would be dockworkers in bermuda, and women and children. and after the war, the british would relocate them to trinidad. so this kind of the division. some will go to nova scotia, some will go to new brunswick, and some will go to nova scotia -- excuse me, to trinidad. those who go to trinidad are overwhelmed associate with the marines and they are settled
that affordability be a key component for why the government is stepping in to provide some type of tax top. that goes to the ability to continue to do a 30 year fixed rate mortgage. and i know a lot of people might say well, that's not the best product for everybody all of the time which, you know, is also true, but knowing that you know what your payment is going to be, even if you're not actually going to live in the for 30 years is a very important -- is very important to the long-term psychology i think to the consumer. so protecting the 30 year mortgage is number one. number two, and i know there's a multifamily folks in the room, we have got to recognize in this country and in this financing recreation of the financing system that there is financing available our multifamily projects, particularly non-luxury what i felt affordable with a small a. so not range restricted income restricted, the most rental housing is broadly affordable to people who are less than 80% of the median income. a third of the people rent and need a financing that supports multi-them as well. >> more than jus
of a grand bargain on jobs where you would lower the corporate tax rate, have a lower corporate tax rate and at the same time use some of the one-time funds to strengthen our infrastructure so that your supply chains can move more quickly. so these are important components we have to do and, obviously, the third one is that we have to give -- and we fight very hard on -- a greater sense of stability. i guess you could say we want more manufacturing and less manufactured crisis. and, you know, we haven't been at our best the last month, but i think the future looks brighter in painting a picture of stability. now, the thing that is under our control is the signals we send and how we organize ourselves. and i think, to be honest, we had to recognize that there were places where signal that the president wanted to send was not coming through. one or two high profile cases might be sending a signal that we were not open for business. you know, we want to make clear this is not a xenophobic nation. if you want to come here and make your fortune playing by the rules, investing in the united st
at those options and then go and check what your qualification might be for tax credits, and you might discover as a significant portion of this 5% will discover that you're actually going to pay less come january for better coverage than what you're paying now for far worse coverage. there was a story the other morning that highlighted this phenomenon, the sending of letters, that featured a woman in florida who was worried because she could not continue coverage under her existing plan. and as reported, it made it sound like she had a plan and she wanted to keep it, but she couldn't. and the reason for that would be that this is a new plan that had been created since the affordable care act passed or that she dropped coverage and reinstated it, again, after the affordable care act pass ad. but what the report didn't say is that her plan didn't cover her for hospital visits. that her plan is basically one of the most basic kinds of plans available that provide almost no security. and what we stipulate, that the affordable care act as campaigned on by the president, as, you know, the h
much it will cost after tax. and then mick andreas closes with the line, 'well, you know, basically, it's cheaper to pay the fine than to disappoint the politicians.' and when you look at that in the context of what's going on, here's a company that is--in just one product line, in lysene, is literally stealing tens of millions of dollars a year from all of us. and then the money is being recirculated back into the political system, back into--back into the media with sponsorship of programs. now i am not saying that--you know, that politicians and--and the media have to do, you know, background checks on everybody who provides money, but ultimately it does make--certainly makes me very uncomfortable and people who have read the book and talked to me about it very uncomfortable that, you know, when the doors are closed and people think no one is listening, that these corporate--you know, these corporate types who, when they're in public, talk about first amendment and--and, you know, supporting--expressing their political views, that when the door is closed, really, what they're talking
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